EUR/USD: Daily recommendations on major
|EUR/USD - 1.0166
Euro's decline from Tuesday's near 4-week 1.0293 peak to 1.0124 (Wednesday) suggests recent rise from July's 20-year bottom at 0.9953 has made a top and despite staging a strong bounce to 1.0253 on Thursday, subsequent selloff to 1.0142 on blowout U.S. NFP Friday would re-test 1.0124, 1.0090/95 but 1.0048/50 may hold.
On the upside, only a daily close above 1.0209 would prolong choppy swings and risk gain to 1.0235/39 before down.
Data to be released today
Japan current account, trade balance, Eco watchers current, Eco watchers outlook, New Zealand inflation forecast, Swiss unemployment and EU Sentix index on Monday.
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